ASTEC LIFESCIENCES LTD., MUMBAI V. DCIT 2(1)(1), MUMBAI

ITA 6229/MUM/2019

• Counselvise Citation: [2021] 107 COUNSELVISE.COM (IT) 8613 (ITAT-MUMBAI)
• Duration Of Justice: 1 year(s) 8 month(s) 16 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 17-06-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2014-2015
• Appeal Filed On: 01-10-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: BRAJENDRA KUMAR
• Section: 143(3)

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH A MUMBAI BEFORE SHRI C.N. PRASAD (JUDICIAL MEMBER) AND SHRI S. RIFAUR RAHMAN (ACCOUNTANT MEMBER) ITA NO. 6229/MUM/2019 ASSESSMENT YEAR: 2014-15 ASTEC LIFESCIENCES LTD., 3 RD FLOOR, GODREJ ONE, PIROJSHANAGAR, EASTERN EXPRESS HIGHWAY, VIKHROLI EAST, MUMBAI-400079. VS. DEPUTY COMMISSIONER OF INCOME TAX-2(1)(1), ROOM NO. 561, 5 TH FLOOR, AAYAKAR BHAVAN, M.K. ROAD, MUMBAI-400020. PAN NO. AAACA 4832 D APPELLANT RESPONDENT ASSESSEE BY : NONE REVENUE BY : MR. BRAJENDRA KUMAR, DR DATE OF HEARING : 17/06/2021 DATE OF PRONOUNCEMENT : 17/06/2021 ORDER PER S. RIFAUR RAHMAN, A.M. THE PRESENT APPEAL IS FILED BY THE ASSESSEE AGAINST THE ORDER OF THE COMMISSIONER OF INCOME TAX (APPEALS)-4, MUMBAI [IN SHORT CIT(A)] FOR THE ASSESSMENT YEAR 2014-15 DATED 30.12.2016 AND ARISES OUT OF ASSESSMENT COMPLETED U/S 143(3) OF THE INCOME TAX ACT, 1961 (I N SHORT THE ACT). 2. AT THE OUTSET, WHEN THE APPEAL WAS CALLED OUT FO R HEARING, NONE HAS APPEARED ON BEHALF OF THE ASSESSEE IN SPITE OF CALL S. WE NOTICE, ASSESSEE BY E-MAIL SUBMITTED THAT IT HAS FILED THE NECESSARY DECLARATI ON UNDER DIRECT TAX VIVAD SE ASTEC LIFESCIENCES LTD., ITA NO. 6229/M/2019 2 VISHWAS ACT, 2020 (ACT 3 OF 2020) AND CONFIRMED THE RECEIPT OF FORM 1, 2 & 3 AND PRAYER TO WITHDRAW THE APPEAL. (COPY ENCLOSED) 3. THE LD. DR ALSO DID NOT OBJECT TO COURSE SO SUGG ESTED AND AGREED TO ALLOW THE WITHDRAWAL OF APPEAL BY THE ASSESSEE. 4. IN VIEW OF THE ABOVE, WE DISMISS THE APPEAL OF T HE ASSESSEE SINCE ASSESSEE HAS PREFERRED TO SETTLE THE ISSUE UNDER VIVAD SE VI SHWAS SCHEME AND IT HAS RECEIVED THE ACKNOWLEDGEMENT IN FORM-3 AS WELL. THE REFORE, THIS APPEAL IS ACCORDINGLY DISMISSED AS WITHDRAWN. 5. IN THE RESULT, THE APPEAL IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 17/06/2021. SD/- SD/- (C.N. PRASAD) ( S. RIFAUR RAHMAN ) JUDICIAL MEMBER ACCOUNTANT MEMBER MUMBAI; DATED: 17/06/2021 RAHUL SHARMA, SR. P.S. COPY OF THE ORDER FORWARDED TO : 1. THE APPELLANT 2. THE RESPONDENT. 3. THE CIT(A) - 4. CIT 5. DR, ITAT, MUMBAI 6. GUARD FILE. BY ORDER, //TRUE COPY// (DY./ASSISTANT REGISTRAR) ITAT, MUMBAI